Actelis networks announces $3.5 million private placement priced at-the-market under nasdaq rules

Fremont, calif., may 04, 2023 (globe newswire) -- actelis networks, inc. (nasdaq:asns) (“actelis” or the “company”) a market leader in cyber-hardened, rapid deployment networking solutions for wide area iot applications, today announced that it has entered into definitive agreements for the purchase and sale of 944,670 shares of its common stock (or common stock equivalents) and warrants to purchase up to 944,670 shares of its common stock at a purchase price of $3.705 per share of common stock (or common stock equivalent) and associated warrant in a private placement priced at-the-market under nasdaq rules. the warrants have an exercise price of $3.58 per share, will be exercisable immediately upon issuance and expire five and one-half years following the issuance.
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